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in the euro after it jumped to a four-month high against the u.s. dollar on thursday. now coming away from that a little bit, but obviously underlying that, underpinning the euro was the central bank president. slightly caught investors offguard when he said interest rates may rise as soon as next month. people had been betting in terms of june or may. the yen at 82.44 to the dollar. >>> investors across asia seem to be focusing pretty much what's going on in the u.s. we've got that better than expected jobs number out. it was a weekly jobs number which is providing a pretty strong indicator, at least that's how it's being seen for the u.s. economy. that rally overnight. and that helped the markets pretty much across the board here in asia. all four of the key markets up by more than 1.4%. there was a weaker yen against the u.s. dollar in japan, that helped the exporters. all in all, hong kong up 1.25%, shanghai 1.3%, and australia with a 1.2% gain. >>> well, if you thought that was impressive, let's have a look at the u.s. markets. and essentially what we're looking at is the best session
to rain down. aircraft like this u.s. marine corps harrier jet have flown more than 212 missions so far against the libyan forces. ships in the mediterranean has launched more than 160 tomahawk cruise missiles. in the daylight the damage is becoming clear. this is what is left of several large rocket launchers, trucks and also other military hardware in tripoli's port area. far to the east, a u.s. fighter plane crashed due to mechanical problems. that happened near the opposition strong hold of bengahzi. the two-man crew parachuted from the doomed aircraft. u.s. marines managed to extract crewmen, one was picked up by rebels and taken to a luxury hotel suite. he's back in american hands. two days after the coalition missile slammed into his tripoli compound, a defined moammar gadhafi has been addressing supporters. he urged muslims worldwide to join the battle against what he calls blatant aggression. >> translator: we will be victorious in this fight. we will not give up. they will not penalize us. we are making fun of their rockets. the libyans are laughing at these rockets. we will d
. the case of raymond davis has caused a serious rift between islamabad and washington. the u.s. said davis is a diplomat and later revealed he's a cia contractor. those are the headlines. "world business today" starts right now. >>> good morning, from cnn london, i'm charles hudson. >> and a very good afternoon from cnn hong kong, i'm andrew stevens. welcome to "world business today." our top story, this thursday, march 3rd. oil prices are pulling back but still over $100 a barrel. >>> apple's ceo steve jobs is back on stage. and the biggest surprise of the event. >>> and as the kadafi family with assets in spain, we'll investigate how they've been investing around the world. >>> we've been watching the protests in libya and the events there driving oil higher and stocks lower. rumors actually in the market, and those have been affecting it, affect, oil price and stocks. this is really looking totally beyond the instability there, but because we have seen pressure coming off oil prices we are seeing that in stock. and tuesday's close of $102, let's look at brent crude, it is the primary oi
. >>> mexico's youngest police chief has fled to the u.s. after apparently receiving death threats. immigration officials say the 20-year-old is is tryitrying to asylum there. those are the headlines. "world business today" starts now. >>> good morning, from cnn london, i'm nina del santos. >> and good afternoon from cn income hong kong, i'm andrew stephens, you're watching "world business today." >>> oil prices continue to soften as investors watch the latest from libya. >>> what happens when you don't turn off your electrical device in a plane? we'll be looking at a new study of safety in the air. >>> and making money out of misery. we look at the traffickers in human cargo. >>> well, the european stock markets have been open for about an hour now. let's have a look at how they faired. yesterday we did see a third straight day of losses for some of these markets. the dax basically flat. and as you can see, the ftse down by about .6%. and the currency markets, there's not an awful lot of movement either. the euro is down against the dollar at the moment. just below $1.39. and when it comes to
moammar gadhafi in power. hillary clinton represents the u.s. ban ki moon and more will attend. they called on gadhafi to leave libya. >>> the u.s. president made his case to fellow americans for intervening in libya's civil war. barack obama said the u.s. had a responsibility to act to the overt a civilian massacre but not to seek by force. libyan fighters very run into resistance. >>> disturbing news we're hearing about radiation levels at the fukushima daiichi nuclear power plant. radioactive water may be leaking from a containment vessel. they've also found plutonium in the soil, but the levels, they say, are not harmful to humans. >>> pro-government demonstrations are expected in syria on tuesday. one of the latest places to have anti-government protests being held. "world business" starts now. >>> good morning, from cnn london, i'm nina del santos. >> and i'm pauline chu, and this is world business today. the top stories on this tuesday, march 29th. u.s. president barack obama tries to explain his country's intervention in libya, but his critics are counting the cost of t
of libya's leader. he also interned at several u.s. companies. find out what he got out of that placement and what the companies he worked with had hoped to get out of him. >>> let's get straight over to the stock market here in europe. 62 minutes into the trading day. and very much a mixed picture. i think after what has been a week of some recovery on stock markets and we've seen some gain, really, they're marking time. zurich is off by about a third of a percent. the dax and ftse up a small amount. and the company that makes nuclear reactors for power plants, that is actually suspended at the moment pending an announcement. we'll bring that to you as soon as we know what that is about. on the currency markets we are seeing u.s. dollar weakness with gains for the euro, the pound and the yen. how is the session looking in asia, pauline? >> for the most part, pretty good. asia pacific markets closed higher on thursday except for the nasdaq composite. nikkei made gains but lost some ground when manufacturing data was released. we'll have more on that data a little later in the show. theny
and violence, charles. >>> let's move on to a major deal in the u.s. telecoms market. at&t agreed to buy t-mobile usa from deutsche telekom for $39 billion in cash and stock, beating rival sprint. but the merger between the united states's second and fourth biggest mobile phone operators still needs regulatory approval. analysts say it might be difficult since it limits the number of carrier choices for u.s. consumers if it passes at&t and t-mobile together will become the biggest mobile phone operator in the united states, easily topping verizon with around 130 million subscribers. first let's have a look at the stock market action, starting here in europe. we are seven minutes into the trading session. these volatile times continue, but this time with some gains. about 1% for the london ftse, and about nearly 2% for the dax and the paris cac up by 1.5%. i suspect higher oil prices will limit those gains as we go forward. >> charles, here in asia, the mr. k markets were mostly higher. on congress and seoul each gained more than 1% by the close. energy stocks were up across the region on t
between the u.s. and japan on this over exactly how much danger really exists. charles? >> okay. stan grant joining us from tokyo. many thanks to you updating us on the situation there, the operation to bring the things under control at the fukushima daiichi plant. thanks again. poly? >> charles, the financial fallout continues to follow the nuclear reactor problems. today the japanese yen hit the strongest level against the dollar. that was one dollar to 76.54 yen which surpassed the previous high of 79.75 in '95. it since pulled back and is right now trading at around 79.11 to one u.s. dollar. now a super strong yen is a very big issue. exporters want a weaker yen. you see it there still at 79. it has still surpassed that 80-en ma80 0 yen mark. japanese companies sell most of their products overseas. when they bring the overseas earnings back home and convert them into yen, a weaker yen means they make more in profits. now i want to show you what's been happening this entire week since monday, march 14th. now the lower the line, the stronger the yen is to the dollar. and it's been g
and the point ready gaining against the u.s. dollar.the dolldollar. the dollar falling against the japanese yen. >> the waenger yen helped give japanese stocks a boost. the nikkei in tokyo is up. most of the major markets have finished the session higher. in shanghai, the market rose after new manufacturing data showed there may not be a need for any immediate tightening measures. two straight surveys showed china's manufacturing growth slowed in february but still remained at a healthy level. beijing's official purchasing managers index slipped slightly to 52.2 last month. that's down from 52.9 in january. >>> and hsbc's february pmi reading fell to a seven-month low of 51.7, down from 54.5 in january. any figure above 50 signals growth. >>> well, shares of hspc fell more than 5% in hong kong trade as asia got its first chance to react to the company's full-year earnings. the company's results were released after the close on monday. its profit more than doubled from the previous year to $13.2 billion. but, here's the key, it's still missed expectations. it's pre-tax profit came in at $19 bill
, on the currency markets. the euro is gaining against the u.s. dollar while the pound and the yen are both losing ground. what happen in asia, andrew? >> it's very much the same thing. any way you look at the market, emily, a selloff is under way. as you can see, it's in some of the bigger markets there. take a look at the nikkei down by 2.5% at the close. wipes out all of the gains it made in the last three days or so. it's about the price of crude. oil car makers, some of the biggest losers there, not surprisingly. one other loser is soft bank, one of the big software makers there, that's down on news that yahoo! and softbank could unwind the agreement in japan. it could give japan about $8 billion to spend. yahoo! japan up 3.5% in japan. the broader market big falls today. oil and airline companies right around the region, pretty much leading the indices lower. in the main benchmark there down as well as growth numbers, gdp numbers coming out of australia. the economy did grow about .7%. that is a little short of expectations. the s&p down about .5%. shanghai down by not so much. it has been a
interest rates will be lifted before those of the u.s. dollar, before the fed moves to hike rates. we saw the euro brief live above 1.40, it's come back from there, 1.3975. and, so there's a little bit of a selloff, money coming off the table in terms of the euro. let's have a quick look at the japanese yen there. 82 to the dollar. andrew? >>> well, speaking of money coming off the table. charles, a down day across most of asia today. shanghai backed the trend and healthy too, up 1.9% as fears to move to limit inflation receded. now, it is now at a near four-month high. meanwhile in japan, the nikkei was down on the combination of political scandal. more on that later. and the continued high price of oil amid these concerns of further unrest in africa and the middle east. toyota and honda among the exporters down 3% and 2% respectively. in sidney, the s&p down by 1.4%. and on the first day of longer trading hours the hang seng was down .4%. hong kong, today marks the start of a shorter lunch break. instead of two hours, they only get 90 minutes for lunch now and starting 30 minutes earlie
that radiation contaminated tap water. >>> a u.s. soldier has pleaded guilty that he and other soldier s killed for sport last year, photographs were apparently showing him and others posing over the bodies of dead afghans. those are the headlines. "world business today" starts right now. >>> hello again. good morning from cnn london. i'm charles hodson. >> and good afternoon from cnn hong kong, i'm pauline chiou. this is "world business today." the top stories on thursday, march 24th. portugal's prime minister quits as parliament votes down plans to tighten austerity measures. now an eu bailout looms. >> japan's devastating earthquake continues to disrupt the global supply chain. we look at why it can be harder to get ahold of a toyota car or an ipad 2. >>> and as the battle for libya continues, europe and the united states tighten their grip on assets owned by moammar gadhafi. >>> well, as many european countries continue to battle their way out of debt, portugal may be next in line for a big bailout. portugal's parliament just rejected a new proposal for more austerity measuring adding to th
the dax. now, after two days of heavy losses as the nuclear crisis continues to unfold in japan, u.s. stocks also ended the day higher on thursday. investor sentiment was lifted by an upbeat look. here's how the numbers settled. take a look at that, dow jones industrial average adding 1.4%, broader gains and also the nasdaq closing up .75% higher. >>> u.s. markets look set for a higher open when trading begins later today. this is where u.s. futures stand at the moment. we could see the dow jones industrial average opening up by .8% higher, nasdaq composite potentially putting on a gain of 1%. at the moment, futures indicate we could see the broader s&p rising about .8%. those markets poised to start the day higher, pauline, but nothing could happen between now and the opening bell. >> yes, but hopefully this is starting a trend. >>> well, just ahead, the u.n. steps up the pressure on moammar gadhafi. but how much will the security council's resolution help the rebels in the eastern part of the country? we'll check out the situation there in just a moment. [ sneezing ] ♪ [ male ann
barack obama says the u.s. will use military commissions, again, to prosecute alleged terrorists held at the guantanamo bay detention facility. he said he's still committed to closing it but can't do it just yesterday. >>> those are the headlines, i'm zain vergee. "world business today" starts now. >>> good morning from cnn london, i'm nina dell santos. >> and good afternoon from cnn hong kong, i'm andrew stephens. welcome to "world business today." our top stories this tuesday, march 8th. it's the biggest u.s. insider trading probe in a generation. one-time billionaire faces a jury this tuesday. >>> the dark side of the chocolate industry. we investigate claims of child labor in west africa's cocoa farms as part of cnn's freedom project. >>> and as unrest sweeps the arab world, unemployment and high prices test the patience of young people in jordan. >>> let's kick off with a look at the european stock market action. markets have been open for just over an hour now. after the ftse 100 took a little bit of a tumble, these indices all trading up. we currently have the ftse up by 0.25%
soaring against the u.s. dollar since the earthquake hit. it's up about 3% against the dollar. it was already in the danger zone. and by that i mean dangerously strong against the u.s. dollar. and today it hit 80.9. that means it came off a little bit, but still just about -- a little bit more than one yen outside the record strength against the u.s. dollar. one analyst says that the strength of the yen based on the levels if it gets stronger, is going to have a bigger impact on toyota than the actual earthquake and tsunami. against other currencies, the dollar trading $1.39 and at 1.60. and around the rest of the region, the market's following tokyo's lead. mining and mineral stocks, big wins in sidney, shares so far some coal and copper markets helping hong kong and shanghai. >>> of course we had stan grant just updating us there on the ground in japan when it comes to what the government's doing and the nuclear fallout, but what are we hearing about the impact on the global economic growth in japan? >> well, it's a little bit difficult to say at the moment, there's going to
has been strengthening sharply against the u.s. dollar. and that's a bad sign for japanese exporters for the japanese economy in general. it has come off a bit. you see the japanese yen now 81.46, but that's definitely in a danger zone. the government and the bank of japan will not want to see those sorts of levels. there has been suggestions that the bank has been intervening to try to weaken the value of the yen. pumped another $60 billion into the economy today into the money markets to keep things cool. that followed monday's injection of more than $180 billion, 81.46 it's currently trading at. japan certainly has a very long and costly road to recovery ahead. but the economist jeffrey saks says he's confident the world's biggest economy will bounce back from this crisis. >> the equity markets are reflecting this huge loss of wealth, but i think the economy is as devastated as it is in that area probably will recover nationwide. the experiences even with these terrible, terrible hits, like this one the kobe earthquake in 1995, the chilean earthquake last year, and the economy as
. a be in of aircraft being brought to bear here. also the warships with the cruise missiles out in the sea, five u.s. ships, three submarines, british submarines and ships as well. different aircraft from the french, the united states, the uk as well. we're approaching 140 missiles used in the first three days in libya. the uk flying from here and here, the french, the dutch, the canadians, the united states, all using an array of bases in europe, including nato bases in italy. all of these nations working together, the focus right here. >> and since then, of course, the coalition has fired more cruise missiles into libya. pauline? >> on the ground, nina, libyan rebels are now able to hold on to areas government forces were poised to capture just days ago. arwa damon tells us about the elation and the profound concern opposition members in benghazi are still feeling. >> reporter: the protesters vowing, chanting that with their blood and souls they will continue to fight for their nation. also, we're calling the names of zinton and misrata. two cities where there are ongoing massacres by gadhafi sour
is falling against the u.s. dollar, currently trading at 1.407 6. but on the other hand, the dollar is gaining against the british pound and the japanese yen. when it comes to the yen, that's trading at 83.02. and the pound trading at 1.6025. pauline? >>> the weaker yen gave exporters a big boost in the tokyo trading this session. the nikkei reversed several days of losses to become the region's top performer on this wednesday. but tokyo electric power's shares continue to take a beating. they close down 18% for a third straight day. now they're down more than 71% for the year. around the rest of the region, mining and metals companies lift australia's benchmark. bhp billiton and rio tinto gained 2% by the close. and property stocks were the winners after reports. hutchinson alcoa was the best performer up nearly 4%. >>> the nuclear crisis is taking a toll on the company's president. he's hospitalized suffering from fatigue and stress. meantime, the chief executive of tokyo electric power has apologized for the wide range of damage caused by the fukushima daiichi power plant. the na
and investors in the u.s. marked the two-year anniversary of an impressive bull run on wednesday. now, since 2009, the dow has gained 85%. the value of the s&p has almost doubled, rising 95%. and the nasdaq, well, that's done better than both of them. it soared nearly 120%. however, investors took a breather on wednesday. the dow pretty much flat as was the s&p 500 and the nasdaq fell 0 .5%. the u.s. market is still set for lower open when trading begins on thursday. here's where u.s. futures stand in the premarket action with the continuation of the selloff. the dow actually escaping the worse of nearly .50%. nasdaq likely to be off by two-thirds or .75%. and the s&p 500, more or less exactly between the two, off by .60%. to the situation in libya, they're facing air assaults as they try to hang on to the city that is home to the oil. the pro-gadhafi forces is happening around ras alolanuf. it's the first time a libyan oil facility has been damaged in the conflict. so the stakes are being raised here. but libya's oil production has, nevertheless, fallen below two-thirds mostly because oil w
. there was some $11 billion u.s. in japan equities and i think selectively that makes sense. >> was that bargain hunting because they realized they were good values? >> some companies getting hit more than others, but all companies being marked down as there was a great level of uncertainty about the recovery and the extent of the damage. now there's a little bit more clarity around, perhaps, the extent of the impact on the overall economy. investors are coming back in and looking for opportunities. remember, japan is one of if not the cheapest market in the world, which is one of the reasons we saw rotation in markets including japan prior to the earthquake. >> i do want to get to the emerging markets issue in the broader picture, but i also wanted to ask you about japan and inflation. we talked about inflation affecting this region. but do you buy into the argument that japan's reconstruction plans will put upward pressure on inflation because it'll cause higher demand for commodities like oil and steel? >> certainly the rebuilding is going to consume resources. a bigger issue for us, though,
against the u.s. dollar in the direct aftermath but it has come back down help birthday i that liquidity injection. charles. >>> well, let's have a look at the longer-term prospects for japan and how long it might take the world's third largest economy as it is now to return to some semblance to nor malt. to do that we talk with john at jpmorgan. he's live from our tokyo bureau. clearly the human cost is enormous, but in terms of the economic costs, this was already a weak japan that was struck by the earthquake, was it not? >> it's quite interesting. the good news is the range affected is actually not that significant. the region there is about 7% of japan's output, you know, so it's not as large as what we had in '95 when the area was affected which was about 15% of the gdp. from an economic perspective, there are going to be disruptions but it's not going to be as big. the key focus is the rebuilding. >> well, the rebuilding, we've already seen how those construction stocks are soaring. but what about the impact on the retail economy? i mean are we likely to see some sort of short-ter
it was an 8.8 magnitude quake. that's what the japan meteorological agency is saying. the u.s. geological survey is saying 8.9. we now want to bring in a reporter for affiliate ett-tv taiwan. what have you heard? what are authorities saying? can you hear me? okay. we don't seem to have established contact with anthony in taiwan. but we do know taiwan is facing a tsunami. it's affecting some 50 other countries in the region. we will obviously be monitoring the situation as this sun reaches these countries. well, the magnitude 8.9 earthquake triggered tsunamis along the coast of japan and shortly after the waters flooded this coastal city. it swept away cars, trucks, even buildings. the water is rushing under this elevated road stopping just short of flooding the road itself. and that's just what's so incredible when you look at those people. you can see drivers who got out of their cars and watched this wall of water just flow underneath them. quite remarkable there. so you have an idea of the sheer size and scope of these waves. you are now looking at pictures. we want to bring you pictur
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